Take me to the text Below is a list of accounts and balances for Beach Wear Inc. for the year ending May 31, 2020. All balances are in thousands of dollars. Beach Wear Inc. follows IFRS Assume a tax rate of 20%. Exclude the presentation of earnings per share for this question. Account Title Accounts Payable Balance $9,600 Accounts Receivable Accumulated Depreciation Advertising Expense Cash Cash Dividends $12,700 $1,200 $1,300 $20,800 $3,800 Common Shares $14,900 Cost of Goods Sold $18,960 Depreciation Expense-Office Equipment $110 Depreciation Expense-Store Equipment $800 Gain on Foreign Currency Translation Adjustments $130 Gain on Sale of Discontinued Operations $1,600 Income from Operating Discontinued Operations $8,300 Interest Expense $1,000 Merchandise Inventory $19,800 Miscellaneous Administrative Expenses $550 Notes Payable $20,000 Office Salaries Expense $1,400 Prepaid Insurance $1,500